Originally posted on Watts Up With That?:
Ed Hoskins has done an analysis of cost ratios, and no matter what your viewpoint of economics might be, the numbers here don’t lie. Without being propped up by subsidies, solar and wind aren’t even in the race as their competitiveness leaves them at the starting line while cheap natural gas (aided by fracking) runs laps around the race course. He writes:
In summary, the figures show that these three major nations of the Western world have spent about ~$0.5trillion to create Renewable Energy electrical generation capacity nominally amounting to ~5.8% of their total generation. This capacity could be reproduced using conventional natural gas fired electrical generation for ~$31 billion or ~1/16 of the costs expended.
The data by table:
Solar energy is about ~34 times the cost of comparable standard Gas Fired generation, whereas Wind-Power is only ~12 times the comparable cost.
Had conventional Gas Fired technology had been…
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